Principal Financial Group Inc. Sells 5,877 Shares of JPMorgan BetaBuilders U.S. Equity ETF $BBUS

Principal Financial Group Inc. cut its position in JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 72.4% in the first quarter, HoldingsChannel.com reports. The firm owned 2,235 shares of the company’s stock after selling 5,877 shares during the quarter. Principal Financial Group Inc.’s holdings in JPMorgan BetaBuilders U.S. Equity ETF were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BBUS. Royal Bank of Canada grew its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 71.6% during the first quarter. Royal Bank of Canada now owns 78,192 shares of the company’s stock worth $7,889,000 after purchasing an additional 32,634 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 462.8% during the first quarter. NewEdge Advisors LLC now owns 439 shares of the company’s stock worth $44,000 after acquiring an additional 361 shares during the last quarter. Marshall Wace LLP bought a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF during the second quarter worth $790,000. Raymond James Financial Inc. grew its stake in JPMorgan BetaBuilders U.S. Equity ETF by 108.3% during the second quarter. Raymond James Financial Inc. now owns 45,168 shares of the company’s stock valued at $5,055,000 after acquiring an additional 23,483 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in JPMorgan BetaBuilders U.S. Equity ETF in the 2nd quarter valued at $2,070,000.

JPMorgan BetaBuilders U.S. Equity ETF Stock Up 0.7%

Shares of BBUS stock opened at $134.60 on Friday. The company’s fifty day simple moving average is $134.36 and its two-hundred day simple moving average is $128.00. JPMorgan BetaBuilders U.S. Equity ETF has a 52 week low of $112.19 and a 52 week high of $137.20. The stock has a market cap of $6.03 billion, a P/E ratio of 25.39 and a beta of 1.02.

JPMorgan BetaBuilders U.S. Equity ETF Company Profile

The JPMorgan BetaBuilders U.S. Equity ETF (BBUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market cap. BBUS was launched on Mar 12, 2019 and is managed by JPMorgan Chase.